Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Southdowns Subdivision, the market direction appears to be increasing, increased by +$5,250. Due to the subject’s favorable location, the subject’s neighborhood has generally continually increased in value over the decades. However, due to the slowing of the Greater Baton Rouge market in general, the “Property Values” box is checked as stable. Note that in the first period in 2007, the unusual $1,300,000 sale really skewed the average sales price and average sales price per sq. ft. numbers, which is the reason for the decline in average sales price and average sales price per sq. ft..

The Average Sales Price has decreased by -$24,669. Again, this appears to be due to the unusually high $1,300,000 sale in the 2007 period.

Median Sales Price has increased by +$5,250.

Average Sold Price Per Sq. Ft. has decreased by -$7.41/sf. Again, this appears to be due to the unusually high $1,300,000 sale in the 2007 period.

70808 data used with the permission of the Greater Baton Rouge Board of Realtors

Author’s Bio:

Bill Cobb, CREA, is Greater Baton Rouge’s favorite and most reputable home appraiser frequently called upon by banks, homeowners, and savvy real estate investors to assess property values. A home appraiser with 17 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser.

About Bill Cobb, Appraiser

The Baton Rouge Residential Appraisal Blog is an information source provided by local Home Appraiser, Bill Cobb, and Accurate Valuations Group. Bill has 24 years experience as a Baton Rouge Residential Home Appraiser and updates his local network of sites weekly with reports, videos and audio reviews of local housing market conditions! 225-293-1500